The twin budget 2007-08 implies a decline in federal revenues as percent of GDP to 24 percent by 2008, down by 1.8 percentage points from 2006, and a fall of the expenditure ratio by 2.4 percentage points to 25.1 percent of GDP. The federal government deficit in the Maastricht definition is set to narrow in 2007 to 1.3 percent of GDP and further to 1.2 percent in 2008. Since 2000, there has been a gradual shift in the composition of federal expenditure, with a sustained increase in the share of transfer outlays and, within this category, family-related spending showing the strongest increase. Among federal gross tax revenues, wealth-related taxes are losing importance in a longer-term perspective. At the same time, the share of taxes on labour is rising.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by WIFO in its journal Quarterly.
Volume (Year): 12 (2007) Issue (Month): 3 (August) Pages: 118-134 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF